Yes I do. Yes I saw it. Yes my stop would've been just a few ticks. No didn't trade it, violates my "recess = no trades" rule. OK, eating lunch now, short at will!
Then you're surely an early riser... amigo Springsteen, Bon Jovi, Meryl Streep, Jon Stewart... me like NJ
http://www.marketwatch.com/story/oil-track-stocks-in-rising-above-79-a-barrel-2010-07-27 Analysts polled by Platts expect a) a decline of 2.3 million barrels of oil on the week ended July 23. b) Gasoline stocks are forecast to rise 1.1 million barrels c) while stockpiles of distillates, which include heating oil and diesel, are expected to increase 1.8 million barrels.
This is not any bullish inventory given -2.3 + 1.1 + 1.8 => net 0.6 build. Anyway oil inventories are at historic high levels , so one week do not matter either way build/draw. For last so many weeks these numbers have some action leading to EIA report release , once released the action reverts back to as usual forces ES and EURO movements